Boycott Emigrant
I have a substantial amount of savings in EmigrantDirect.com. So imagine my dismay when I discovered EmigrantDirect is a major sponsor of Bill O’Reilly’s radio program.
I found out in the wake of O’Reilly’s endorsement of a terrorist attack on San Francisco a couple of weeks ago. His statements spawned a DailyKos boycott. I don’t normally take part in these things, but the thought of my money helping to sponsor O’Reilly really bothered me.
I sent this letter to EmigrantDirect, which I thought was actually pretty calm and reasonable:
Dear Emigrant,
I am an EmigrantDirect.com customer with over $xx,xxx in one of your “American Dream” Savings Accounts. I was also appalled to discover that you sponsor Bill O’Reilly’s radio program. Normally, this would bother me, but not enough to write this email. However, recently O’Reilly called for the destruction of San Francisco by terrorists, in response to their ban of military recruiting in schools:
O’REILLY: “Hey, you know, if you want to ban military recruiting, fine, but I’m not going to give you another nickel of federal money. You know, if I’m the president of the United States, I walk right into Union Square, I set up my little presidential podium, and I say, ‘Listen, citizens of San Francisco, if you vote against military recruiting, you’re not going to get another nickel in federal funds. Fine. You want to be your own country? Go right ahead.’
“And if Al Qaeda comes in here and blows you up, we’re not going to do anything about it. We’re going to say, look, every other place in America is off limits to you, except San Francisco. You want to blow up the Coit Tower? Go ahead.”
He later confirmed his position that, yes, he does believe an American city deserves to be destroyed by Al Qaeda. MediaMatters.org reported the story, and members of Daily Kos began a letter-writing campaign.
If you do not pull your sponsorship of O’Reilly’s radio program, I will be forced to close my account with you and take my money to another bank. It would pain me to do so — your 4% interest rate is the best anywhere — but I’d rather sacrifice a fraction of a point of interest than support a business that sponsors this program.
Thanks,
Michael R. Barklage
EmigrantDirect never responded to me and (unlike another sponsor, Equifax) did not pull its ads from O’Reilly’s show. So it’s time to put my money where my politics are and close my account with them.
James had even more money in EmigrantDirect than I did, and he’s doing the same. After I sent the letter, he found another online bank that offers a 4% savings rate: HSBC Direct.
Better still, unlike Emigrant, HSBC provides its customers with an ACTUAL USER INTERFACE that human beings would conceivably want to use. So, until I find out that HSBC sponsors the 700 Club or Prussian Blue or something, I’ll stick with them.
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